Hellas Direct, an Athens, Greece-based insurtech company, raised €7m in Series B funding.
The round – which brings total equity raised to date to €23.8m – was led by IFC, a member of the World Bank Group, with participation from Third Point LLC, Endeavor Catalyst, former Goldman Sachs economist Lord O’Neill and private equity veteran Jon Moulton as well as Portag3 Ventures.
The company intends to use the funds to accelerate organic growth and to selectively look at strategic acquisitions in the broader region.
Led by Emilios Markou and Alexis Pantazis, Hellas Direct is digital-first, full-stack insurance company, empowered by technology and artificial intelligence.
The company is focused on car insurance covers.